Gold is Tumbling. Good Time to Buy?

This transcript has been automatically generated and may not be 100% accurate.

... I ... the ... whole ... three percent but ... still down ... six cents ... you know once upon a time goal was around ninety nine dollars now to sixteen hundred dollars about six all on the back of the Fed saying that a maybe ... not ease monetary policy and the news that ... with this comes down to it pretty much the main ... I think the whole market was already pricing in a bigger expectation that the Fed is going to do something I think the loss of the fact that ... you know when the Fed ... makes its press releases and gives a statement to a page is the most sonically at the zoo was with the with ... and we've seen enough positive day I mean no offense U S economy is going to the moon but ... we seen enough positive date said that the Fed would really ... see you ... one of the buck was just the fun of the round on site to be seen at this point the fact is ... the deal banking on the and and if you look at ... thing is that by the look that gold prices ... that basically went up last ... August which is when cutesy comic itself ... but also the initial Sunday Kinder tunnel outlining ... the down up and down ... and they need another another injection of of of QE to really get them up again that your goal ... when he had panic but when you freak out if your goal but I mean there are ... thousands and thousands of gold bugs out there ... there are many people in the followers of a ... you know a Jim Grant turning the hard money kind of ... proponents out there may be with you freak out when when it drops below sixteen hundred thousand roughly fifty different ... because you can because gold is based on faith you can always can get yourself a gold ... bull market right so that for the first of the falsity of question is you on the real question here and crops only to extract ... if the incident ... the first to postpone the ousted president of Euro two ago but ... you know the panic because you think that civilization is gonna end up one day you'll be proved right to be to ... give us with the goal to rationally which you're airy the leap of faith realize that some ... and what you're looking out for is whether this was when real interest rates start to rise ... so among them was still on basically zero or negative real interest rates which is ... the interest rate minus the inflation rate ... the Keystone see rates rise and people assigned to talk about that now happening a bit ... early on ... because people have this fight ... the Fed is just on hold them down for Emma ... when you still see evidence of the building ... that's when you wanna get out don't because the cost of holding it will just become ... too much I knew from better off holding ... actual ... income generating ... assets like ... records ... okay ... final question ... are you bullish or bearish on price to go ... um was bearish on your own bearishly and the return of Mr